Taiwan Fund

The Taiwan Fund, Inc. is a diversified closed-end investment company, which engages in the equity securities investments listed on the Taiwan Stock Exchange. The company was founded on December 23, 1986 and is headquartered in Boston, MA.

Taiwan Fund is an an integral economic player and closed-end management investment company. It allows investors to access and participate in the growth of the economy and the stock market, as well as the investment potential of the mainland and other emerging economies in the region.

Taiwan's economy is showing signs of recovery in 2024, with increased export growth and an improved growth outlook. The Taiwan Fund has had a strong start this year and remains an attractive buy due to its discount to NAV. Taiwan's GDP growth for the first quarter of 2024 was 6.56%.

Taiwan Fund: Macro Improvements Outweigh Political Volatility

BOSTON , July 19, 2024 /PRNewswire/ -- The Taiwan Fund, Inc. (the "Fund") (NYSE: TWN) announced today details regarding its investment performance for the three month period ended May 31, 2024. The Fund reported a net asset value per share of $49.64 as of the close of business on May 31, 2024.

The Taiwan Fund, Inc. Announces 3rd Quarter Earnings

Tech-heavy Taiwan has been on a tear this year. By over-indexing to tech growth, the Taiwan Fund has appreciated at an even faster clip.

Taiwan Fund: Tech Continues To Pay Off

Taiwan Fund Inc is a closed-end fund that focuses on actively managing a portfolio of stocks listed on the Taiwan Stock Exchange. The fund has reasonable scale with around $330 million of assets under management and a distribution is usually paid annually. The fund has a high weighting to Taiwan Semiconductor Manufacturing Company, which has been a major contributor to its recent performance.

TWN: No FOMO, Ride The 'AI 5' Tailwind With This Hated Fund

iShares MSCI Taiwan ETF

Franklin FTSE Taiwan ETF

In bull markets, a higher beta, tech-heavy fund like Nomura's Taiwan Fund tends to add a fair bit of outperformance.

The Taiwan Fund: Flipping Bullish As Tech Tailwinds Intensify

Western Asset Mortgage Opportunity Fund

Eaton Vance Enhanced Equity Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Tax-Managed Diversified Equity Income Fund

Pioneer Diversified High Income Trust

Invesco High Income 2024 Target Term Fund 

Nuveen Mortgage Opportunity Term Fund

Principal Real Estate Income Fund

For the first month in three, equity CEFs (-0.59% on a NAV basis) suffered losses while their fixed-income CEF (+0.49%) counterparts on average posted plus-side returns. At month-end, 11% of all CEFs traded at a premium to their NAV, with 12% of equity CEFs and 10% of fixed-income CEFs trading in premium territory. Income & Preferred Stock CEFs (+1.44%), for the first month in four, outpaced the other classifications in the equity CEF universe for January.

The Month In Closed-End Funds: January 2024

NEW YORK , Jan. 16, 2024 /PRNewswire/ --The Taiwan Fund, Inc. (the "Fund") (NYSE: TWN) announced today details regarding its investment performance for the three month period ended November 30, 2023. The Fund reported a net asset value per share of $41.73 as of the close of business on November 30, 2023.

The Taiwan Fund, Inc. Announces 1st Quarter Earnings

NEW YORK , Dec. 13, 2023 /PRNewswire/ -- The Board of Directors of The Taiwan Fund, Inc. (NYSE: TWN) (the "Fund") has declared a long term capital gain distribution in the amount of $0.4365 per share. The distribution will be payable on January 10, 2024 to stockholders of record on December 28, 2023 with an ex-dividend date of December 27, 2023.

The Taiwan Fund, Inc. Declares Distributions

CBRE Global Real Estate Income Fund

Korea Fund

Pioneer Municipal High Income Advantage Trust

Mexico Equity & Income Fund Inc

Pimco California Municipal Income Fund II

Pimco Municipal Income Fund III

Cohen & Steers Quality Income Realty Fund

Invesco California Value Municipal Income Trust

Delaware Investments

For the first month in four, both equity (+6.05% on a NAV basis) and fixed income (+5.81%) CEFs on average posted handsome plus-side returns. At month end, 9% of all CEFs traded at a premium to their NAV, with 10% of equity CEFs and 8% of fixed income CEFs trading in premium territory. Developed Markets CEFs (+8.93%), for the first month in eight, outpaced the other classifications in the equity CEF universe for November.

The Month In Closed-End Funds: November 2023

BOSTON , June 14, 2023 /PRNewswire/ -- The Board of Directors (the "Board") of The Taiwan Fund, Inc. (the "Fund") (NYSE: TWN), today announced that its previously communicated share repurchase program ( the "Program"), under which the Fund will repurchase in each twelve month period ended August 31 up to 10% of its common stock outstanding as of the close of business on August 31 the prior year, has commenced.  Such purchases will be made opportunistically at certain discounts to net asset value per share in the reasonable judgment of management based on historical discount levels and current market conditions.

The Taiwan Fund, Inc. Announces Commencement of Share Repurchase Program

Neuberger Berman Next Generation Connectivity Fund

RENN Fund

Columbia Seligman Premium Technology Growth Func Inc

For the third month in four, equity CEFs (-1.95%) on average witnessed downside performance, while their fixed income CEF cohorts (-0.66%) posted losses for the first month in three. At month end, 9% of all CEFs traded at a premium to their NAV, with 10% of equity CEFs and 8% of fixed income CEFs trading in premium territory. For May, Convertible Securities CEFs (+0.07%) outperformed the other classifications in the equity CEF universe for the first month since August 2020.

The Month In Closed-End Funds: May 2023

BOSTON , May 16, 2023 /PRNewswire/ -- The Board of Directors (the "Board") of The Taiwan Fund, Inc. (the "Fund") (NYSE: TWN), today announced that it has approved a share repurchase program ( the "Program") under which the Fund will repurchase in each twelve month period ended August 31 up to 10% of its common stock outstanding as of the close of business on August 31 the prior year.  Such purchases will be made opportunistically at certain discounts to net asset value per share in the reasonable judgment of management based on historical discount levels and current market conditions.

The Taiwan Fund, Inc. Announces Adoption of Share Repurchase Program

Nomura Asset Management's Taiwan Fund offers investors a reasonably priced, actively managed option to access Taiwanese equities. While the structural Taiwanese growth story is attractive and has yielded strong capital gains through the cycles, the near-term outlook isn't as rosy.

TWN: Fade The NAV Discount On This Taiwanese Investment Vehicle

ASA Gold and Precious Metals Ltd

China Fund

For the second month in three, equity CEFs (-2.68% on a NAV basis) on average witnessed negative performance. While their fixed income CEF cohorts (-1.79%) posted losses, also for the second month in three.

The Month In Closed-End Funds: February 2023

The Taiwan Fund's discount to NAV is approaching 20%. This looks like one of the most attractive emerging market closed-end funds.

Taiwan Fund: Buying On 2023 Pullbacks

Virtus Stone Harbor Emerging Markets Income Fund 

Stone Harbor Emerging Markets Total Income Fund

Franklin Templeton Emerging Markets Fund

Pioneer Municipal High Income Trust

Franklin Templeton Dragon Fund

For the second month in a row, equity CEFs (+5.16% on a NAV basis) on average witnessed plus-side returns. While their fixed income CEF cohorts (+4.53%) posted gains for the first month in four.

The Month In Closed-End Funds: November 2022

BOSTON , July 27, 2022 /PRNewswire/ -- The Board of Directors (the "Board") of The Taiwan Fund, Inc. (the "Fund") (NYSE: TWN), today announced that it has selected Nomura Asset Management U.S.A. Inc. ("Nomura") to become its Investment Adviser, subject to stockholder approval.

The Taiwan Fund, Inc. Announces Selection of New Investment Adviser

BOSTON , July 8, 2022 /PRNewswire/ -- The Taiwan Fund, Inc. (NYSE: TWN) (the "Fund"), announced today that, having exhausted efforts to obtain relief from Allianz Global Investors US LLC ("AGI") and the Securities and Exchange Commission (the "SEC") permitting the Fund to continue to receive the services of an Allianz portfolio management team based in Taiwan, the Fund's Board will now focus on selecting a new investment adviser to replace AGI. The Board expects to announce the replacement adviser selected by the Board by the end of July 2022 and to seek stockholder approval of the new adviser at a special meeting of stockholders to be held early in September 2022.

The Taiwan Fund, Inc. Announces Schedule for Selection and Approval of New Investment Adviser

BOSTON , May 17, 2022 /PRNewswire/ -- On May 17, 2022, Allianz Global Investors U.S. LLC ("AGI US"), the investment adviser to The Taiwan Fund, Inc. (NYSE: TWN) (the "Fund"), pled guilty in the U.S. District Court for the Southern District of New York, in a case captioned United States of America v. Allianz Global Investors U.S. LLC, to one count of securities fraud in violation of Title 15, United States Code, Sections 78j(b) and 78ff, Title 17, Code of Federal Regulations, Section 240.10b-5, and Title 18, United States Code, Section 2.

Allianz Global Investors U.S. LLC Reaches Resolutions of Government Investigations

NEW YORK, Dec. 27, 2021 /PRNewswire/ -- The Board of Directors of The Taiwan Fund, Inc. (NYSE: TWN) (the "Fund") confirmed capital gain and net investment income distributions in the aggregate amount of $2.9227 per share.  The capital gain portion of the distributions is comprised of long-term capital gains of $2.4447.

The Taiwan Fund, Inc. Indicates Distribution Amount

Nuveen Municipal Credit Opportunities Fund

For the second month in three, equity CEFs on average witnessed negative returns, falling 2.61% on a NAV basis for November.

The Month In Closed-End Funds: November 2021

Current Taiwan economy and outlook. Key characteristics of the Taiwan equity market.

CEF Insights: Finding Opportunity In Taiwan's Tech Sector

Taiwanese export data show the growth rate cooling in the second quarter, corroborating recent PMI survey findings of slower export gains as the global economy cooled amid further COVID-19 waves. Official data showed Taiwan's export orders rising some 31.1% above levels of a year ago in June, marking the sixteenth month of continuous year-on-year expansion.

Taiwan's Export Boom Comes Off The Boil

BlackRock Taxable Municipal Bond Trust

BlackRock Science & Technology

BlackRock Science and Technology Trust II

ClearBridge Energy MLP Fund Inc

ClearBridge Energy MLP Opportunity Fund Inc

For the eighth month in a row, equity CEFs on average posted positive returns, rising 1.34% on a NAV basis for June.

The Month In Closed-End Funds: June 2021

Taiwan Semiconductor Manufacturing

United Microelectronics

Taiwan is in the unique position of having actually recorded a slight strengthening in GDP growth in 2020 compared with 2019, despite the severe global recession caused by the Covid-19 pandemic. The pandemic-driven surge in global electronics demand was a key factor underpinning Taiwan's strong economic performance in 2020, as the global shift to remote working and online shopping drove rapid growth in demand for computers, home electronics and smartphones.

News for Taiwan Fund ETF (TWN)